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Disclaimer

AIA New Zealand has made all reasonable efforts to ensure that the information in this guide is correct as at the date of printing. The information contained in this guide is a summary only and should not be regarded as a full explanation of the contract. Please refer to the terms and conditions of the policy document for full details of the contract and the limitations and exclusions that apply. Usual, customary and reasonable expense rules apply. All applications are subject to individual consideration. Special terms, exclusions and premium loading may apply to individual applications.

Duty of Disclosure

When you apply for insurance with AIA New Zealand, you have a legal duty of disclosure to AIA New Zealand.

This means that:

All the statements you make to AIA New Zealand (both written and oral) including the answers in your application, must be true and correct; and

You must disclose everything that you know, or could reasonably be expected to know, that is relevant to AIA New Zealand’s decision whether:

to accept your application for insurance; and

if AIA New Zealand accepts your application, then on what terms AIA New Zealand will accept it and how much it will cost.

This duty of disclosure continues from the time you complete your application until either:

the commencement date of the policy or the date AIA New Zealand accepts your application for insurance, whichever is the latter; or

AIA New Zealand declines the application for insurance.

You also have the same duty of disclosure to AIA New Zealand at the time you extend, vary or reinstate your insurance.

Important If you do not comply with your duty of disclosure, and AIA New Zealand would not have accepted your application for insurance on the same terms or at the same premium if you had made full disclosure, then legally AIA New Zealand may:

decline any claim that you make; and/or

retain all premiums paid and recover any benefits paid; and/or

alter the terms of any benefits under the policy; and/or

remove any benefits under the policy; and/or

void your insurance from inception.

If you are not sure whether you need to disclose a particular fact, please ask AIA New Zealand or your Insurance Adviser.

Definition: AIA New Zealand shall mean AIA International Limited, trading as AIA New Zealand, and/or any related companies and/or agents (including company officers acting in the scope of their authority) and AIA New Zealand’s Insurance Advisers or reinsurers.